The United States unveiled fresh tariff slabs of 10 and 12.5 per cent on several economies under its Section 301 on Thursday. India has been placed in the lower 10 per cent tariff category.

Possible outcomes: Tariffs could remain the same; rates could change depending on US investigations under Section 301; US could opt for a different instrument.

The 10% temporary US tariff imposed on imports from India and other trading partners is set to expire at 9:31 am IST on July 24, unless the Trump administration announces an…

US slaps 10 per cent tariffs on goods imported from India on issue forced labour